The company stated that, pursuant to the finalization of the acquisition
agreement and the hiring of Dr Cavasin as COO of acquiring partner Siam
Renewable Energy Group Ltd., ACMG will be restructured into two companies.
ACMG Inc. (for Alcar Chemicals Manufacturing Group), will remain in effect
as the operating company synthesizing ethanol, polyols and sweeteners from
renewable natural resources and bio-waste. ARTL Inc. (for Alcar Renewable
Technology Licensor) will be dedicated to building reactors and licensing
the different technologies. ARTL will be licensing its BTE and BTP (
bio-waste to ethanol and Bio-waste to Polyol) technologies for industrial
scale applications world-wide. In addition ARTL will be selling small
ethanol synthesizers, ranging in production capacity from 100 gallons per
day to 1,000 gallons per day, designed for use by fruit orchards,
municipalities and counties managing forest territories and of course
farming operations. Furthermore a series of residential scale waste to
natural gas and waste to hydrogen synthesizers will also be brought to
market through ARTL within the next twelve months.

According to the company, following the restructuring program ACMG is
expected to reach approximately 750 million dollars in revenues by 2010
while ARTL is expected to gross 1 billion dollars yearly as of the same
year.

About Alcar Chemicals Group Inc.

The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant
market opportunity due to a serious worldwide supply shortage of raw
materials for polymers as well as an increased requirement for ethanol and
biodiesel. ACMG has been concentrating on innovative methods for biomass
(forestry waste, agricultural waste and non-food crop) valorization for the
past decade, specifically petroleum-independent fuel and plastics resin
production. Its proprietary technology represents todays most economical
and advanced manufacturing process for plastic raw materials, ethanol and
bio-diesel, allowing production at cost savings of up to 40% when compared
to current production methods.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.